58360-JF Hair Salon in Near West End – Richmond, VA

Richmond, VA (Richmond City County)

58360-JF Hair Salon in Near West End – Richmond, VA

Asking Price:$199,990

Cash Flow:$100,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$60,000

Inventory:$10,000

Established:1988

58360-JF Hair Salon in Near West End – Richmond, VA

Get Financing Save Print Share Valuation Report

Business Description

The Hair Salon serves men and women and offers its clients up-to-the-minute styling and color enhancements, plus a luxurious line of hair care products. You will also find selections from two premier cosmetic lines, Guinot of Paris and Dermalogica.

Detailed Information

Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This salon has a premier location with great street visibility in Richmond’s near west end and currently operates 10AM-5PM Tuesday-Friday and 10AM-2PM Saturday. It occupies 2,000 square feet paying $4,000 per month, all inclusive. The same owner has operated this salon profitably in this location for the past 28 years. A boutique is part of the operation as well as retailing high-end skin and hair care products.
Competition:
The original owner has been successfully operating in this location for 28 years. The business has a premier location with great street visibility in Richmond’s near west end. The salon currently operates 10AM-5PM Tuesday-Friday and 10AM-2PM Saturday. This is a great opportunity as there is room to expand the hair styling business as well as offer additional spa services such as facial, massage, pedicure and manicure. Additionally, there are currently limited business hours which can be expanded to generate increased revenue.
Growth & Expansion:
The salon currently operates 10AM-5PM Tuesday-Friday and 10AM-2PM Saturday. There are currently available hair stations as well as salon space. This is a great opportunity as there is room to expand the hair styling business as well as offer additional spa services such as facial, massage, pedicure and manicure. Additionally, there are currently limited business hours which can be expanded to generate increased revenue.
Support & Training:
2 weeks
Reason for Selling:
retiring

Listing Statistics for Premium Members

Ad#:1278105 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Russell Fergusson

Business Listed By:
Russell Fergusson

Transworld Business Advisors of Richmond VA

Show Phone Number

View My Listings


Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

Find out more...

Get more details about this business.


Similar Listings


Great Clips Hair Care

Franchise Opportunity In VA
Capital Required: $109,400